Summit Hotel Properties (NYSE:INN) Updates FY 2026 Earnings Guidance

Summit Hotel Properties (NYSE:INN) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.730-0.850 for the period. The company issued revenue guidance of -.

Summit Hotel Properties Trading Up 2.4%

Shares of NYSE INN traded up $0.10 during midday trading on Wednesday, reaching $4.28. The company had a trading volume of 896,334 shares, compared to its average volume of 774,271. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.14. Summit Hotel Properties has a one year low of $3.57 and a one year high of $6.65. The firm’s fifty day moving average price is $4.67 and its 200-day moving average price is $5.13. The stock has a market cap of $465.66 million, a PE ratio of -26.75 and a beta of 1.29.

Summit Hotel Properties (NYSE:INN) last released its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.24). Summit Hotel Properties had a return on equity of 0.02% and a net margin of 0.04%.The business had revenue of $174.96 million during the quarter, compared to analysts’ expectations of $172.88 million. Summit Hotel Properties has set its FY 2026 guidance at 0.730-0.850 EPS. On average, equities research analysts anticipate that Summit Hotel Properties will post 0.88 earnings per share for the current year.

Summit Hotel Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.5%. Summit Hotel Properties’s dividend payout ratio (DPR) is presently -200.00%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $6.00 target price on shares of Summit Hotel Properties and gave the stock a “buy” rating in a report on Tuesday, January 13th. Robert W. Baird set a $5.00 price objective on Summit Hotel Properties in a report on Wednesday, December 17th. Zacks Research cut shares of Summit Hotel Properties from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Bank of America reissued an “underperform” rating and issued a $4.50 price objective (down from $5.75) on shares of Summit Hotel Properties in a research report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Summit Hotel Properties in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $5.00.

Insider Buying and Selling at Summit Hotel Properties

In other news, Director Mehulkumar Bhikhubhai Patel sold 25,000 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $4.84, for a total value of $121,000.00. Following the completion of the transaction, the director owned 444,295 shares of the company’s stock, valued at $2,150,387.80. The trade was a 5.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.37% of the company’s stock.

Institutional Trading of Summit Hotel Properties

Hedge funds have recently bought and sold shares of the business. UBS Group AG grew its position in shares of Summit Hotel Properties by 18.9% in the 3rd quarter. UBS Group AG now owns 6,936,070 shares of the real estate investment trust’s stock valued at $38,079,000 after buying an additional 1,102,102 shares during the last quarter. State Street Corp raised its stake in shares of Summit Hotel Properties by 1.2% during the 4th quarter. State Street Corp now owns 4,911,087 shares of the real estate investment trust’s stock worth $23,917,000 after buying an additional 56,090 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Summit Hotel Properties by 12.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,542,670 shares of the real estate investment trust’s stock valued at $12,383,000 after purchasing an additional 279,823 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Summit Hotel Properties by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,506,061 shares of the real estate investment trust’s stock valued at $7,334,000 after acquiring an additional 26,493 shares during the period. Finally, Invesco Ltd. grew its holdings in Summit Hotel Properties by 87.2% in the fourth quarter. Invesco Ltd. now owns 774,543 shares of the real estate investment trust’s stock valued at $3,772,000 after purchasing an additional 360,800 shares during the last quarter. Institutional investors and hedge funds own 96.47% of the company’s stock.

Summit Hotel Properties Company Profile

Summit Hotel Properties is a real estate investment trust (REIT) that acquires, owns and operates branded select-service hotels and extended-stay properties across the United States. The company focuses on upper-midscale and upscale lodging segments, targeting established national brands to combine the operational efficiencies of limited-service properties with strong franchise affiliation.

The company’s portfolio comprises over thirty hotels carrying well-known flags such as Marriott, Hilton, Hyatt and IHG.